The numbers 50/100/20 represent the coverage limits of your policy. If you have this amount of auto insurance coverage, your insurance company will pay $50,000 in personal injury liability per person, $100,000 in personal injury liability per accident, and $20,000 down Property Damage Liability.
What does a liability insurance limit of 50 100 50 mean?
As a general rule, the amount of liability insurance you have should be sufficient to protect your assets if you are convicted of an accident. … If the at-fault driver had 50/100/50 limits, the maximum amount paid out by his insurance company for injuries was $50,000.
What does 50 100 25 mean on a car insurance policy?
Numbers like 50/100/25 are the dollar limits (in thousands) for coverage of third party motor vehicle insurance: … The second digit also represents bodily injury, but represents total coverage for all injuries or death in an accident. The third number is the amount of your liability insurance for property damage.
What does the 100 mean in a 100 250 50 car insurance policy?
15/20/5. 100/300/50 The first number on your auto insurance policy represents the “bodily injury per person” your insurer will pay if you are at fault in an accident.
What is 100,000 300,000 50,000 insurance?
A 100/300/50 car insurance policy means you have liability coverage of $100,000 per person, $300,000 liability per accident, and $50,000 liability for property damage.
What does 50 100 50 mean in insurance?
Liability insurance limits are shown as three numbers separated by slashes, e.g. e.g. 50/100/50. In this case, the first 50 means $50,000 and refers to the amount of personal injury coverage per person covered by the policy. The 100 means $100,000 personal injury coverage per accident
What does 50 100 30 coverage mean?
If you have this amount of auto insurance coverage, your insurance company will pay $50,000 in personal injury liability per person, $100,000 in personal injury liability per accident, and $20,000 in third party liability.
What is 50 100 50 liability insurance with no deductible?
A 50/100/50 policy provides $50,000/$100,000/$50,000 of coverage. The first number represents your personal liability insurance per person, which means each person in the other vehicle will cover up to $50,000 for medical expenses.
What is 100,000 300,000 100,000 insurance?
What is 100/300 insurance coverage? According to MoneyGeek, 100/300 auto insurance will cover $100,000 in personal injury treatment costs for each person injured in an accident and $300,000 in personal injury liability costs per accident.
What does $100,000 / $300,000 / $100,000 mean for liability insurance?
The first number here, $100,000, refers to the amount of coverage per person. If someone suffers an injury you cause, the policy will cover up to $100,000 of their losses related to medical expenses and other claims. The second number, $300,000, represents the total amount available per accident.
What does 100 300 50 mean on an insurance policy?
The numbers 100/300/50 represent the coverage limits of your policy. If you have these auto insurance numbers, your insurance company will pay $100,000 in personal injury liability per person, $300,000 in personal injury liability per accident, and $50,000 in property damage liability.
What does it mean if the coverage limits are $50,000/$100,000?
This means that for every car wreck you blame, your insurance company will pay someone injured in the wreck up to $50,000 in losses and damage they suffer. If more than one person is injured in the rubble, the company will pay up to $100,000 on your behalf, but no more than $50,000 for a single person.